What are the benefits of developing a formal development plan?
Upgrading your employees’ skills though a formal development plan can seem like a daunting task, but outlining the basics can help to keep your eye on the end result. Keep in mind, a successful development plan is one of the best things you can do for the human capital aspect of your company. Some of the many benefits include, but are not limited to, increased retention and reduced turnover, increased employee engagement and customer satisfaction, improved efficiencies, innovations and profitability.
